St. Barbara Ltd.ASX: SBM

St Barbara to Sell Simberi Interest to Lingbao

· Issued by St. Barbara Ltd.

Filed with ASX · · 5 pages · English

Summary by 6ix AI

St Barbara Ltd. has announced a binding agreement to sell its remaining interest in the New Simberi Gold Project to Lingbao Gold Group. The transaction includes significant cash proceeds and future royalties from gold and silver production. Completion is targeted for the March quarter of the following year, pending regulatory and shareholder approvals. This divestment allows St Barbara to focus on its Nova Scotia gold projects and simplifies its portfolio.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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